There’s a new high performance computing deal being cut by a publicly traded Bitcoin miner. And this time, it’s happening in Iceland.

‍What’s happening:‍

• Bit Digital (NASDAQ: BTBT) has announced they have landed a new deal for high performance computing with DNA AI Compute Fund
  

By the numbers:‍

• The new deal is worth $20.2M USD over 24 months
  
• DNA AI Compute Fund will use 576 Nvidia (NASDAQ: NVDA) H100 GPUs as well as 72 Nvidia H200 servers which will be deployed in a data centre in Iceland
  

Why it matters:‍

• Bit Digital was one of the first publicly traded Bitcoin miners to make a big bet on expanding into high performance computing and has landed multiple significant deals with companies looking for access to GPUs at scale
  

Going deeper:‍

• Bit Digital also just recently announced the acquisition of a new data centre located in Quebec, Canada which has the potential to be developed into a 5 megawatt operation powered entirely by renewable hydroelectricity
  
• Bitcoin miners have been starting to cut meaningful new deals for high performance computing recently, with TeraWulf (NASDAQ: WULF) just recently signing a deal with Abu Dhabi based G42 subsidiary Core42 and HIVE Digital Technologies (NASDAQ: HIVE) also recently scaling up their Nvidia hardware to deploy a new cluster

‍